by Ernest Brown | Jun 28, 2016 | Deal of the Month
A problem? No! Although he called us in a panic we got the additional funds approved on the spot and paid off the old note with a restructured agreement! This story continues. With his loan set up with what is called a ‘balloon payment’ (this means that at the end of...
by Ernest Brown | Jun 28, 2016 | Deal of the Month, Loans, Money $marts Food For Thought
Having won a state contract with the Department of Natural Resources, a contractor whose business had slowed down was suddenly confronted with a good problem: Contracts. The only tough part was that his bank lines had been curtailed with the economic slow down...
by Ernest Brown | Jun 28, 2016 | Deal of the Month, Loans
Calling us first we suggested that he speak with the bank but his first attempt with the bank was the answer we predicted: They had done as much as they could and his loan was new … so he would have to wait. His return call prompted us to meet with his bank and...
by Ernest Brown | Jun 28, 2016 | Alternative Financing, Deal of the Month
A staffing company challenged with a short time in business and running just short of the break-even point, had the opportunity to acquire a larger staffing company and put their company on the map and into the black. However, a minor problem arose: After talking to...
by Ernest Brown | Jun 28, 2016 | Deal of the Month, Factoring
When customers of a factoring client were contacted by the factor, the unexpected happened… sales went up! Is this a throw back to the concern most people have about factors contacting their customers or what? A new factoring client, supplying frozen and too...
